Fed’s Evans: Open to December taper, but prefers to wait
CHICAGO (Reuters) – A top Federal Reserve official, who has been one of the most ardent supporters of the U.S. central bank’s bond-buying stimulus program, said he was open to curtailing the purchases this month, although he would prefer to wait.
U.S. stocks could weather grim profit outlooks
NEW YORK (Reuters) – U.S. companies are sounding the alarm on fourth-quarter earnings, lowering profit estimates just as the stock market is poised to end its best year since 1998.
Judge rejects consumers’ bid to block American-US Airways merger
NEW YORK (Reuters) – A federal judge on Friday rejected a last-ditch effort by consumers and travel agents to stop American Airlines and US Airways from merging next week, a move they fear would drive prices up and service down and make planes more cro…
Wall Street jumps on jobs; Dow, S&P end lower for the week
NEW YORK (Reuters) – Stocks soared on Friday, with the Dow and the S&P 500 ending a five-day losing streak after a robust jobs report gave traders confidence that the economic recovery was gaining strength.
Exclusive: Comcast taps JPMorgan on potential Time Warner Cable bid – sources
NEW YORK (Reuters) – Top U.S. cable provider Comcast Corp has tapped JPMorgan Chase & Co for advice as it evaluates a potential bid for Time Warner Cable Inc, people familiar with the matter said.
GE to settle municipal bond rigging lawsuit for $18 million
NEW YORK (Reuters) – General Electric Co has agreed to pay as much as $18.25 million to settle a class action lawsuit accusing it of rigging bids for municipal securities, court papers filed on Friday show.
Unemployment rate hits five-year low, eyes on the Fed
WASHINGTON (Reuters) – U.S. employers hired more workers than expected in November and the jobless rate hit a five-year low of 7.0 percent, raising chances the Federal Reserve could start ratcheting back its bond-buying stimulus as soon as this month.
Rogue trader gets prison, told to repay Goldman $118 million
NEW YORK (Reuters) – Former Goldman Sachs Group Inc trader Matthew Taylor was sentenced Friday to serve nine months in prison and pay $118 million in restitution to his former employer after he pleaded guilty to pursuing an unauthorized $8.3 billion fu…
Bank of America’s record $500 million accord over Countrywide wins approval
(Reuters) – A federal judge has granted final approval to Bank of America Corp’s record $500 million settlement with investors who claimed they were misled by the bank’s Countrywide unit into buying risky mortgage debt.
Fed’s Evans says open-minded on December taper, but prefers waiting
CHICAGO (Reuters) – A top Federal Reserve official said on Friday he was open to reducing the U.S. central bank’s bond buying stimulus program this month, although he would like to see a stronger labor market first.
